Financial Software Limited and Seven Investment Management
Launch a New Portfolio Management System
London, January 2010
Financial Software Limited (FSL), together with Seven Investment Management (7IM), announce the launch of IMiX, a unique combination Advisory Order Routing and Discretionary Portfolio Management system for an investment platform.
IMiX is web-based and features flexible Portfolio Modelling and a GIPS compliant Performance Measurement Engine. Both modules are linked to an Order Management System allowing real time trading. IMiX also provides strong reconciliation and reporting, and is integrated with Pershing Securities Limited to provide a seamless transition from order execution to clearance and custody. IMiX also provides interfaces allowing integration with third party client relationship management tools and order capture platforms.
The specifications were provided by 7IM, and the development was by FSL. IMiX will immediately become the order creation and portfolio management tool in the 7IM investment platform, which will place 7IM at the cutting edge of platform design for both High Net Worth and Discretionary Wealth Managers. FSL will be promoting the product, which took over a year to build, to other market participants.
Imran Khan, Managing Director of FSL stated: “This delivery truly represents a supplier working in partnership with their customer. For this to be successful you need an intuitive supplier who has the ambition to work with a customer who is continually enhancing their value proposition through their focus and drive. This allows both partners to break barriers.”
“IMiX simultaneously provides 7IM with unique functionality and scalability. We were unable to find a product that combined the Advisory and Discretionary capabilities, could handle volume generated by our platform and link to the back office, so we built it!”, added Graham Stott, IT Director of 7IM. “IMiX delivers on all these fronts.”
The key features of the solution include:
- Flexible Portfolio Modelling. IMiX has the ability to rebalance & group in every possible manner.
- Performance Measurement based on GIPS standards. Provides ease-of use for authorised users, there is no need to install the software on local machines. This enables staff to work from any location with Internet access.
- Order Management. Trades may be generated through IMiX with an easy to use Trade Blotter.
- Comprehensive Automated Reports. Users can choose from the integral reports, run at their request which are available in pdf, excel or standard SQL Server.
ENDS
Notes to the editor:
About Financial Software Limited
Financial Software Limited (FSL) is a specialist software company that has been supplying and supporting the UK financial market since 1994. FSL is a leading provider of software solutions to both large and medium sized private wealth investment managers and already offers the CGiX Capital Gains Tax solution which is also the preferred solution of the leading outsource providers in the UK market. IMiX is fully interfaced to CGiX.
For more information: Imran Khan Financial Software Limited imran.khan@financialsoftware.co.uk 020 7776 9852 07950 343 673 For more information: Graham Stott Seven Investment Management graham.stott@7im.co.uk 020 7760 8707
About Seven Investment Management
7IM provides investment services to professional wealth managers, planners and advisers. As per the diagram, these include:
- Independent discretionary investment management with advice
- A range of multi-manager portfolios
- An investment and trading platform designed with complete open architecture for users
7IM went live in the first quarter of 2002 initially with its Discretionary Management service, and thereafter introduced its range of Multi-Manager OEICs and Wrap Platform and has in excess of £2.1 billion of client assets under its management and administration for professional planners, advisers and wealth managers.
7IM focuses on a discipline of ongoing asset allocation and having no in-house investment managers, preferring to access independent institutional calibre investment managers from around the world. The investment and trading platform has been designed and built by 7IM‟s own in-house technology team led by its Director and 7IM co-founder, Graham Stott. This has been designed to be completely open in its architecture, providing open market choice for advisers selecting their own investments and tax wrappers.
7IM Milestones & Innovations:
- First Sterling On Line Wrap Account launched January 2002 with ongoing Asset Allocation on:
– Global Equities / Global Fixed Interest / Index-Linked / Cash
- SIPP links established 2002 – James Hay/P&Y/SippCentre(AJ Bell)/Suffolk Life/Winterthur
- First White Label live January 2003
- 7IM OEIC live January 2004
- Evergreen SMA mandate launched February 2004
- Commodities introduced May 2004
- Private Equity introduced June 2004
- Commercial Property introduced October 2004
- Corporate SIPP launched February 2005
- 7IM Platform live July 2005
- 7IM OEIC Fund of Funds pass £250m August 2005
- New 7IM Income Fund launched September 2005
- Hedge Funds introduced November 2005
- 7IM achieves £1 billion under asset allocation January 2006
- Aon Asian Multi-Manager introduced March 2006
- Timber & Infrastructure introduced October 2006
- Ethical OEIC launched February 2007
- 7IM wins Best Discretionary Platform Service Award and Best Intermediary Platform Service Levels Award at the Adnitor Wrap Platform Awards, March 2007
- 7IM announces links for exchange of data with Cofunds and with Funds Network, October 2007
- 7IM announces own FSA authorization and new institutional investors, December 2007
- 7IM joins the London Stock Exchange, January 2008. 7IM launches AAP funds March 2008
- 7IM wins Best Investment Platform Proposition Award at the Adnitor Wrap PlatformAwards 2008
- 7IM wins the FT And Investors Chronicle Best Cautious Manager 2009, April 2009
- 7IM introduces first Professional Investor Fund (PIF) into 7IM Discretionary Service June 2009
- 7IM Multi Asset Funds reach £1billlion, July 2009
- 7IM wins Best Investment Management Platform at the UK Platform Awards, September 2009
- 7IM was "Highly Commended" in the Best Multi-Manager category at the Moneyfacts Awards, September 2009
- 7IM achieves over £2 billion in funds under management and administration, October 2009
Website: http://www.7im.co.uk